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by Gavin McClendon0 views·Updated Feb 7, 2022

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  1. Hello.
  2. My name is Gavin McClinton
  3. as you know
  4. and
  5. I am here again to
  6. read another assignment
  7. started masking show now
  8. thanks.
  9. Mhm
  10. So
  11. knocked out
  12. I believe it's Islam
  13. okay
  14. so
  15. here we are.
  16. My name is Gavin McClendon
  17. and I'm here today to
  18. give you my presentation on
  19. my intro and what I've learned from economics so far
  20. and I put a little context it's like it's
  21. reminding to myself when I was doing this assignment to
  22. keep in fact or keep in mind that this is what I'm doing
  23. and all that
  24. and this is where I start from. So I start off with personal finance.
  25. I say personal finance is a term that
  26. companies managing your money as well as saving.
  27. An interesting personal finance. Personal finance is about
  28. meaning
  29. personal financial goals whether it's having enough
  30. for short term short term financial needs planning for retirement
  31. or saving for your child's college education from I learned
  32. so far economics. Pasting pasting yourself.
  33. Keeping limits and set goal setting can help achieve whatever
  34. you like so much so that whatever money you spend
  35. on something
  36. you can get it right back
  37. that's displayed here.
  38. Mhm
  39. Whilst management loan steps, Social security, budgeting, retirement taxes,
  40. risk management, estate planning investments and insurance,
  41. credit cards and hallmark shrinkage.
  42. It's all kind of like from how I see or from
  43. what I've learned even on video games use it sometimes they're like
  44. yeah all
  45. plays
  46. like let's say if I bought something this all if you keep all this in mind
  47. buying whatever you have
  48. or whatever you chose to buy and no matter if it was points of buying it,
  49. it can somehow be
  50. something very beneficial to you
  51. or re beneficial where it just re creates
  52. more money or it can be just
  53. better in a way or better
  54. than
  55. it was before.
  56. I'm doing a terrible job explaining
  57. Yeah.
  58. Economic frame,
  59. the most common definition of leisure by economics is at least
  60. implement quickly has been non work time. Ordinarily
  61. there was not enough interest
  62. in the concept to decide, registered in Portola in ways of spending time
  63. for work or leisure, some of which I put together to make my personal economy better,
  64. which is a perfect example
  65. what that is what I try to do. I try to make it personal examples,
  66. political political frame economic frame,
  67. social change frame culture change frame
  68. all that is,
  69. it is somewhat beneficial
  70. to you and your own
  71. like
  72. standpoint.
  73. It just, it just keeps, it's like a small ball effect or someone
  74. the way I see it just keeps building up and it gets bigger
  75. if you keep these facts in mind, it just
  76. it is a constant
  77. help.
  78. Okay,
  79. consumption,
  80. consumption and economics, the use of goods and services by households,
  81. neoclassical and instance, mainstream
  82. economics generally considered consumption to be
  83. the final purpose of economic activity and thus the level of consumption
  84. the person is viewed as a central
  85. measure of economic economic economies productive success,
  86. one of which I try making it based
  87. for my personal structure from an economic standpoint
  88. and what they have here in this example
  89. whistle all levels
  90. of
  91. consumption and their economies that government
  92. of Kirk corn
  93. Reduces income tax by 5%. The decreases in income tax means that all workers and
  94. American will now have more disposable income each month
  95. which actually cash in their wallets, the
  96. the people of color gone head to the shops and spend the
  97. extra money on all sports of goods from clothing to new phones.
  98. As a result, the total consumption begins to increase
  99. marco economic,
  100. which is I hadn't really known anything about this or even heard of this before until
  101. I did that assignment last week where I didn't explain this and
  102. I did actually kind of use the exact same wording from that.
  103. I put marco economic trend in market economic
  104. trend indicator can be defined as an untenable
  105. time series that representative meaningful economic trend and
  106. that can be mapped on the performance performance of
  107. tradable assets of derivatives position.
  108. It can be based on three complementary types of information, economic data,
  109. financial market battle and expert judgment.
  110. In fact,
  111. I found this to be very
  112. useful at previous
  113. assignments, which is what I meant to put that.
  114. But I think when I put in the picture like
  115. put it somewhere else,
  116. I'll put it here again,
  117. Simon's and my eyes,
  118. in my eyes, it's completes the blueprint for my control structure,
  119. the inflation.
  120. Sorry about that because I'm now noticing that which I probably should have had
  121. right right over again in the extra time. I did read it over the top.
  122. I thought would sound good.
  123. So I decided to just make a video. He's finding what I'm reading it.
  124. You know, noticed him some imperfections. Now
  125. inflation
  126. moving onto inflation.
  127. This is exactly from
  128. The old one. But I just added a ton more
  129. information.
  130. Yes
  131. because there there are factors that need to be included such as inflation,
  132. interest rates and economic growth, inflation can be
  133. the finance information rate is
  134. of increase in prices over a given period of time. Yes.
  135. All right
  136. over it.
  137. A given period of time. Sorry about that
  138. inflation is typically a broad measure such as
  139. the overall increase in process of
  140. increase in the cost of living in a country. Interest rates can be
  141. and very hard subject
  142. to speak upon.
  143. In fact I pulled information
  144. from google from this one. To help in this definition.
  145. Interest rates on consumer loans typically quoted
  146. as the annual percentage rate A pr
  147. this is rate of return that lenders demand for ability to borrow money for example,
  148. the interest rate of credit cards and quoted as an A.
  149. P. R. And
  150. our example above
  151. 4%
  152. is in the A. P. R. For the mortgage, mortgage or borrower
  153. last but not least definitely not least.
  154. I'm sorry. I'm like tripping up over my own words right now. It's weird
  155. is the final
  156. factor.
  157. Economic growth is an increase in production of economic goods and
  158. services compared from one top period of time to another.
  159. Keeping in mind a very large margin margin of
  160. this can be become very successful in life.
  161. Some people make millions for a minute just by some
  162. some of the small factories
  163. this creates the bowtie
  164. down bow tie
  165. down but I am not yet finished.
  166. I am my personal economic kind of it kind of oh my gosh economy infrastructure
  167. resources from google and along with various other
  168. websites provide me information on how to,
  169. to imply this in such ways to help other with other assignments
  170. and sometimes can resolve problems if I'm unsure
  171. and I did use I will also admit this majority of the stuff
  172. for this assignment and the other summit I looked
  173. at from new york times and I even have
  174. it like if I open up my phone there's some stuff on her to from new york times.
  175. It just like it recorded like
  176. from reading it and from like
  177. I would like factor it together and then I realized I'm like
  178. some helpful
  179. ingredients
  180. to help myself or to help the even the american culture
  181. what their economy and what their economy
  182. unlike the bigger picture even though I'm pretty sure
  183. it just won't make it to that level.
  184. Yeah
  185. inflation
  186. there is a good example of inflation so how inflation has changed in the price
  187. of a cup of coffee over time and this also helped with like my hobby,
  188. my own personal hobby where I love, I love cars and over time
  189. people would like
  190. for if they were to exchange something from over Japan they'll bring it here and
  191. it might not have an engine in it and it might don't,
  192. might sell it for the original like the good, the price of the, with the engine in it
  193. because the,
  194. cause I'm interested are usually there looked out
  195. for not only just won the car itself,
  196. they're interested in the engine,
  197. the electronics and all that and they might even use it
  198. and literally they might take it off and form it into a
  199. another card and I make like a supercar basically
  200. if they wanted to
  201. and that my factor and like drag cars and stuff and
  202. what I'm getting into this is it's when they do that,
  203. people see that more often and they'll take that
  204. into mind and like oh this guy's doing this,
  205. what if I added a little bit more money onto it
  206. by cleaning, cleaning up the interior
  207. and I would sell it
  208. and it won't have an engine in it
  209. and
  210. people really like that and that might make the prices go
  211. up more and it makes it go up more and that's like
  212. recently people would sell like absolutely garbage cars like it'll be rusted
  213. out falling apart and also as much as for us that car
  214. without the engine
  215. which is absolutely ridiculous
  216. and it would sell for like
  217. um this is a perfect example like there are cars now like GT Rs
  218. and
  219. those cars for example they one up, they shot up in prices dramatically
  220. Like they started off from 20 grand and it just jumped up
  221. to 150 grand and they can be I am not kidding,
  222. it can be a beat up car with dents in it and it will
  223. still suffer that price no matter what and they won't change the price at all
  224. and that's kind of where I'm getting on getting,
  225. getting on with inflation because I really really really notice inflation.
  226. Like if I if I see economics at all or anything about it,
  227. the first thing I think about is inflation.
  228. Now this is like I added this in to be kind of in
  229. like
  230. a description on
  231. if I were speaking to someone they were speaking back to me and like
  232. it's like
  233. let's say if I were the president and I was at a press conference,
  234. people would stand up and don't give me like questions to answer
  235. and these are these bold lettering that I
  236. might put in the assignment from time to time
  237. or if you just make this a topic so I can just skip over to it
  238. specific
  239. topic or section that I need
  240. kind of like a glossary
  241. now how does this help with the american american or even other economies?
  242. Don't be selfish
  243. slash conclusion.
  244. The U. S. Economy is dominated by
  245. service order or orientated companies in areas such as technical, logical,
  246. financial, service,
  247. service, healthcare and retail.
  248. Even though the services sector is the main engine of the economy, the U. S.
  249. Also has an important manufacturing based,
  250. Which represents roughly 15% of output, the federal mineral rate for covered.